Account Tally for June 2023

I asked DALL-E to create an image of bees flying around a venus flytrap. Somehow we are attracted to things that harm us.

The only way to judge the value of one's HIVE account is to measure it. With this idea in mind, I've been tallying up the value of my HIVE empire since August 2021.

The tally is useful. For example, in the middle of the month I faced the stark realization that the price of STEM had fallen 99% since August 2021. Many of my HE coin holdings have suffered similar fate.

I bought 14K in STEM to bring the value of my STEM back up above $10.

I did this cost averaging on several coins. Sadly, the prices of coins on HE seem to drop so fast that cost averaging just increases losses.

I keep the failed coins in my tally to remind me that it is likely that the whole platform might fail.

Speaking of the platform failing ... I wonder how long it will take before the whales and witnesses realize that the 20% interest on HBD was a huge mistake?

The 20% interest did not attract thousands of new users as the whales promised. Instead the $100 grand a month we pay in interest is a huge weight that holds down the price of HIVE and the HE coins.

We have seen a large number of users leave the platform.

Debt destroys. Smart users cashed out when the platform raised the interest rate.

But lets get back to the tally.

My tally from last month showed that I had 1,097,974 tokens with a reported value of $2,367.08. This month I have 1,147,485 tokens with a reported value of $2,261.23.

I also have some NFTs, but I wrote off the NFTs as a total loss.

This month I sold $36 HBD at $0.28 HIVE and bought HE coins. The smart move is to convert your HBD to HIVE when the market is weak.

I know that there are smart users on HIVE because I watch the HBD monitor daily. Smart people accumulate HBD as the price of HIVE rises. They convert their HBD to HIVE when the market is weak.

I wish the monitor showed historical data as it would then show, in living color, that HBD puts a tremendous downward pressure on HIVE when it is weak ... but only a slight upward pressure when it is strong.

Let's see. What else happened in the month: I bought 1,900 SWAP.BLURT which disappeared when I swapped them for BLURT.

I hate swaps. Swaps fail too often for my taste.

In other news. I seem to be reaching my investment goals for many of my coins. I now have 1000 ALIVE, 10K CENT, 70K CCC, 21K STEM, 5K POB, 11K VYB, 41K PAL.

Although STEM has lost 99% of its value. I think the coin has finally hit bottom and might start paying off.

I am reaching the point where I am thinking of selling coins to pay down debts.

Symbol	Coins	Last Month	Diff	USD Value
HIVE	5,707	5,694	13	$1,831.79
HBD	38	72	-34	$37.91
LEO	650	649	1	$54.34
POB	3,658	2,881	777	$32.18
WAIV	608	607	1	$28.59
BEE	153	115	38	$20.44
VYB	5,803	4,123	1,680	$18.87
CENT	10,287	10,121	166	$16.56
ALIVE	1,000	386	614	$12.89
NEOXAG	10,106	10,008	98	$3.58
PHOTO	6,102	4,084	2,018	$3.14
CTP	1,042	1,003	39	$2.51
COM	1,069	1,053	16	$2.45
PIZZA	184	164	20	$2.01
HUSTLER	50,001	50,000	1	$0.97
BPC	2,412	2,412	0	$0.93
MEME	14,423	10,647	3,776	$0.91
BEER	34	34	0	$0.75
PAL	10,002	10,002	0	$0.68
LIST	1,139	1,073	66	$0.59
SME	8,092	1,643	6,449	$0.54
WINEX	26	31	-5	$0.51
BHT	5,442	5,411	31	$0.50
BLOG	123,032	123,032	0	$0.36
PIMP	12	12	0	$0.16
LASSECASH	1,410	1,407	3	$0.09
LOLZ	25	25	0	$0.05
VKBT	168	167	1	$0.05
LUV	10	10	0	$0.02
GIFT	99	0	99	$0.02
TIX	50,000	44,980	5,020	$0.02
JAHM	1,064	1,063	1	$0.01
SPORTS	1,585	1,585	0	$0.01
PAY	400,000	399,794	206	$0.00
THX	1	1	0	$0.00
WIT	9,644	9,644	0	$0.00
LERN	62	7	55	$0.00
THGAMING	3	0	3	$0.00
*BLURT	1,946	1,426	520	$5.93
*STEEM	428	425	3	$75.75
*TRX	30	30	0	$2.26
*PHOTO	121,985	121,985	0	$0.00
*DATE	900	900	0	$0.00
*DIAMOND	19,551	19,551	0	$0.00
*MEEP	50	50	0	$0.00
*POINT	13,278	13,278	0	$0.00
*BANJO	200	200	0	$0.00
Subtotal	883,462	861,785	21,677	$2,158.35
@vagabondspirit
HIVE	6	5,697	-5,691	$1.85
CCC	61,110	61,147	-37	$19.67
VYB	3,468	3,084	384	$11.28
POB	814	733	81	$7.16
WAIV	128	128	0	$6.02
NEOXAG	3,337	2,352	985	$1.18
FOODIE	16,247	3,375	12,872	$0.93
PAL	10,001	10,000	1	$0.68
BEER	26	26	0	$0.57
WINEX	25	27	-2	$0.49
PHOTO	548	0	548	$0.28
BLOG	46,921	46,921	0	$0.14
MEME	1,462	1,462	0	$0.09
VKBT	238	475	-237	$0.07
LOLZ	20	20	0	$0.04
NFTM	40,000	40,000	0	$0.00
*BLURT	39	39	0	$0.12
*STEEM	75	71	4	$13.34
Subtotal	184,465	175,557	8,908	$63.91
@irivers
HIVE	9	6	3	$2.92
STEM	21,532	7,478	14,054	$11.87
VYB	1,841	1,605	236	$5.98
POB	632	564	68	$5.56
WAIV	60	60	0	$2.82
BEE	12	12	0	$1.58
BEER	27	27	0	$0.59
WINEX	26	29	-3	$0.51
BLOG	20,279	23,095	-2,816	$0.06
LOLZ	21	21	0	$0.04
LUV	10	0	10	$0.02
Subtotal	44,448	32,897	11,551	$31.96
@idoodle
HIVE	2	0	2	$0.64
PAL	21,991	21,990	1	$1.49
CCC	10,391	8,578	1,813	$3.35
WAIV	8	6	2	$0.37
NEOXAG	1,202	132	1,070	$0.43	0
CENT	195	3	192	$0.31
WINEX	16	0	16	$0.31
MEME	1,285	0	1,285	$0.08
LOLZ	20	0	20	$0.04
Subtotal	35,110	30,709	4,401	$7.02
Grand Total	1,147,485	1,100,948	46,537	$2,261.23

I track my account growth on my personal site. The chart shows the account growth since August 2021.

The account was worth over $13K back in 2021 but has been in a free fall since.

The chart shows a light grey and dark blue line. The light grey line shows the reported value.

I borrowed money to fund the account. The dark blue line shows the reported value minus the loan. NOTE: I assume that my time has no value and that the money I borrowed does not collect interest. These are both white lies I tell myself to make my HIVe investment look better.

I am optimistic about the future.

The decision to charge 20% interest on HBD was a bad decision.

I've been with numerous companies that failed. I can point to lists of hundreds of companies and thousands of individuals who were brought low by debt.

Individual and corporate bankruptcy often follows a pattern. There is a romance people that lasts about three years where debt seems to be a miracle.

In the first years of debt, it feels like money is falling from space. It takes a couple of years for people to wake and realize that hundred thousand dollars we are paying each month to service the debt is not worth the harm that it is doing to HIVE.

But since this debt is of our own creation. We can turn it off.